8199 Southpark LnLittleton, CO 80120

  • Healthcare properties
  • 12,435 SF
For Sale
$4,570,000 View listing

Property Details for 8199 Southpark Ln

Year built
2004
Construction
FRAME
Lot size
1.40 AC
Property size (Sq ft)
12,435 SF
Zone code
LPDI
Property type
Healthcare properties
Property subtype
Medical offices
APN
2077-33-4-03-048
APU
207733403048

Description

This exceptional Class A, 13,735 square foot medical office building in Littleton, Colorado presents a compelling investment opportunity. Located at 8199 Southpark Ln, 80120, this single-story, 100% occupied property boasts a strong tenant roster including national healthcare leaders like Optum Health, Fresenius Kidney Care, Quest Diagnostics, and others. The building, constructed in 2004, benefits from a fee-simple ownership structure and a stabilized investment profile with a 6.90% cap rate and a Net Operating Income (NOI) of $315,095. All four tenants are on NNN leases with annual rent bumps averaging 2.88%, ensuring consistent income growth and minimal landlord responsibilities. The property's strategic location in the Denver-Aurora-Lakewood MSA, within two miles of three major hospitals, and its convenient access via CO-470 and US-85, provide exceptional visibility and accessibility. The asking price is $4,570,000, translating to $332.73 per square foot. The anchor tenant, Optum Health, is a subsidiary of UnitedHealth Group, providing significant financial stability and creditworthiness. This investment offers a rare combination of strong cash flow, significant upside potential, and a resilient asset class within a rapidly growing market. The property's location within the top 20 largest MSAs in the US further enhances its long-term value and investment appeal.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,339,449
    6.5%
    $2,159,492
    7%
    $2,005,242
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,756,281
    Geo Method
    $1,027,380
  • Alternative Use

    Use
    Valuation
    Residential
    $2,677,770
    Hospitality
    $2,452,822
    Educational
    $2,040,720
    Medical
    $2,110,903
    Retail
    $3,174,453
8199 Southpark Ln, Littleton, Colorado

Location Insight

City
Littleton
County
Arapahoe
State
Colorado
Latitude
39.568
Longitude
-105.002
CBSA code
19740
CBSA name
DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$58,564
-
-
$600,966
-
$489,392
$1,694,608
$2,184,000

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